RADIALL : 6.8% growth in 2013 annual sales

Press Release                                                                                        15 January 2014 - 5.45pm

6.8% growth in 2013 annual sales

2012 figures include the 100% consolidation of the Raydiall automotive subsidiary in the first half year, compared to 50% from the 3^rd quarter of 2012 resulting in an unfavourable 2013 group structure effect of ? 2.2 million at the end of December 2013.

Strong sales growth in the 4^th quarter 2013: up 18.4%

Radiall concluded its 2013 financial year with an excellent fourth quarter, with particularly strong sales of ? 63.7 million, which was an increase of 18.4% compared with the 4^th quarter of 2012 and 9.0% compared with the 3^rd quarter of 2013.  On a like-for-like basis, growth over the period was 22.1% compared with 2012, reflecting an acceleration in sales over a quarter traditionally undermined by a weak December.

Over 2013 as a whole, sales totalled ? 235.1 million, an increase of 6.8% on a reported basis compared to 2012, and of 7.8% at constant scope. At constant perimeter and exchange rate, growth was 10.2% due to the proportional consolidation of the automotive subsidiary Raydiall and unfavourable foreign exchange rates in 2013.

International operations, which represented 85.3% of the Group's full-year sales, were buoyed by strong growth in Telecom sales in the Asia Region, particularly in the 4^th quarter, and continued strong Aeronautics sales in the US. Civil Aeronautics and Telecoms were the most dynamic sectors. The Defence and Space markets, despite their growth in the 4^th quarter, reported a slight annual decline. The Industrial and Automotive sectors saw a decline.

Outlook

In view of very healthy sales in the 4^th quarter, the Group confirms that it expects its full-year profit from recurring operations to exceed that recorded in the 1^st half of 2013.

Due to a buoyant and robust Aeronautics market, the recovery in the Telecoms business and a healthy order book, Radiall looks forward to 2014 with confidence and targets continued growth during the year, even though certain other market segments may continue to be subject to a less dynamic business environment.

Shareholders' agenda: 2013 Annual Results on 27 March 2014.

RADIALL designs, develops and manufactures electronic components dedicated to wireless communication, automotive telematics and military and aeronautic equipment applications.

ISIN code: FR0000050320 - Eurolist B - NYSE Euronext.

www.radiall.com:
http://www.radiall.com/

YOUR CONTACTS

Guy de Royer                                                                                                                                                 Gilles Broquelet

Tel: +33(0)1 49 35 35 51                                                                                                                                 Tel: +33(0)1 80 81 50 00

guy.deroyer@radiall.com:
mailto:guy.deroyer@radiall.com                                                                                                                                                                        gbroquelet@capvalue.fr:
mailto:gbroquelet@capvalue.fr